GERMANY - KKR And GS provide EUR 100m loan to KION

Significantly more than the required two third majority of lenders voted in favour of the company's proposal.

Wiesbaden-based Kion Group is a global provider of forklifts, warehouse equipment and other industrial trucks. The company employs more than 21,000 people and in 2008 achieved net sales of more than EUR 4.5bn. Its brands include Linde, STILL, OM and Baoli.

In late 2006, KKR and GS acquired the forklift truck division Kion Group from Linde AG for EUR 4bn. This buyout represented the largest leveraged buyout in Germany at the time.

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• Topics
• Expansion
• DACH